Search found 68 matches

by neac
Sun Apr 14, 2019 2:32 pm
Forum: Accounting
Topic: contributions credit to wrong account
Replies: 4
Views: 345

Re: contributions credit to wrong account

Alright, thanks again for the help
by neac
Sat Apr 13, 2019 2:28 pm
Forum: Accounting
Topic: contributions credit to wrong account
Replies: 4
Views: 345

Re: contributions credit to wrong account

Is there anything that needs to be changed in the Contributions module?
by neac
Wed Apr 10, 2019 10:27 pm
Forum: Accounting
Topic: contributions credit to wrong account
Replies: 4
Views: 345

contributions credit to wrong account

Help!
I've discovered that one of our contributions has been crediting to an expense account rather than an income account.

I can make the correction now but since this correction is not retroactive how do I fix the previous 3 months of contributions?
by neac
Sat Apr 06, 2019 2:28 pm
Forum: Accounting
Topic: reconciling bank account statement date
Replies: 1
Views: 239

reconciling bank account statement date

Just wondering how much does the statement date matter. The bank statement closes the month of March on the 29th. If I use March 29, it won't include payroll transactions that "occurred" on March 31, however I need to include those transactions otherwise it won't reconcile (the money actually left o...
by neac
Sat Mar 30, 2019 4:43 pm
Forum: Accounting
Topic: tracking long term investment asset
Replies: 3
Views: 633

tracking long term investment asset

Does anyone know how to track/manage an outside investment? We have a long term investment account managed by our denomination. We receive an update every year showing the initial investment amounts, capitalized interest on each investment and total balance. I would like to update the numbers we hav...
by neac
Sat Mar 30, 2019 4:36 pm
Forum: Accounting
Topic: negative liabilities
Replies: 1
Views: 449

negative liabilities

So, I'm assuming it's not normal to have negative liabilities?

We have negative liabilities within the group insurance sections (ie. LTD payable, AD&D payble, etc) of our balance sheet and I'm trying to figure out why.
by neac
Sat Mar 30, 2019 4:15 pm
Forum: Accounting
Topic: income and expense report
Replies: 12
Views: 783

Re: income and expense report

yes, it shows in the net assets portion of the balance sheet.

now, what reports do I have to run at the end of the year that will show the total cumulative income and total cumulative expenses?
by neac
Mon Mar 25, 2019 9:29 pm
Forum: Accounting
Topic: income and expense report
Replies: 12
Views: 783

Re: income and expense report

So, this is what I found. Restricted fund balance: 02-3215-215 Income account: 02-4215-215 Expense account: 02-6215-215 Income and expense accounts close to the fund balance. On the contribution side, the income account it was using was the fund balance. I have switched it to the actual income accou...
by neac
Sun Mar 10, 2019 12:37 pm
Forum: Accounting
Topic: closing months, old posted transactions
Replies: 13
Views: 1638

Re: closing months, old posted transactions

Yes, I did a backup. I accidentally copied the original transactions instead of the void transactions :?
It's all good now, thanks for the help
by neac
Sat Mar 09, 2019 10:43 pm
Forum: Accounting
Topic: income and expense report
Replies: 12
Views: 783

Re: income and expense report

I understand, but this amount shouldn't be going into the unrestricted fund balance and needs to show up in the income and expense report as it's own line item.

How do I check if it's unrestricted and going into the unrestricted fund balance?
If it is, how do I adjust it so that it's restricted?
by neac
Sat Mar 09, 2019 10:17 pm
Forum: Accounting
Topic: closing months, old posted transactions
Replies: 13
Views: 1638

Re: closing months, old posted transactions

no, the original transactions from 2016 and 2017 were bill payments and cheques that were never reconciled nor voided at the end of the year. the void transactions created in Jan 2019 were on the deposit side, which is how I was able to reconcile them to the original transactions. the reversed void ...
by neac
Sat Mar 09, 2019 2:34 pm
Forum: Accounting
Topic: closing months, old posted transactions
Replies: 13
Views: 1638

Re: closing months, old posted transactions

The transactions all ended up on the cheque side, nothing went to the deposit side
by neac
Sat Mar 09, 2019 12:59 pm
Forum: Accounting
Topic: income and expense report
Replies: 12
Views: 783

Re: income and expense report

Should have said "year to date", and this is a new fund set up for use this year.
by neac
Sun Mar 03, 2019 11:00 pm
Forum: Accounting
Topic: closing months, old posted transactions
Replies: 13
Views: 1638

Re: closing months, old posted transactions

I now have a problem caused by clearing these old transactions, I only discovered it just today.
I don't remember what I did to clear the transactions but there are some VOID transactions now posted in January and are causing my income and expense report to show negative values.
by neac
Sun Mar 03, 2019 5:01 pm
Forum: Accounting
Topic: income and expense report
Replies: 12
Views: 783

Re: income and expense report

yea. But now, I have another issue to deal with. We have a designated fund where we have been receiving contributions. Someone asked me how much money had been received to date for that fund, so I went to look in the income and expense report. The amount doesn't show up (because the amount is zero) ...